Buys Gift Cards For Cash | Who

People planning a large purchase (like a new appliance or laptop) will buy gift cards for cash to effectively shave 5% to 20% off the total cost.

If you are looking to sell a card and want to find the best rates:

Sites like CardCash or Raise buy cards directly to build their own stock.

The most prominent buyers are dedicated online marketplaces. These companies operate as middlemen, purchasing unwanted cards at a discount and reselling them to other shoppers at a price below the card's face value.

Finally, it is important to recognize that the "sellers" in this equation are often people in need of immediate liquidity. Whether a gift was poorly matched to their interests or they are facing an unexpected bill, the ability to find a buyer willing to pay cash—even at a loss—provides a financial flexibility that the plastic cards themselves do not offer.

On the other side of these platforms are savvy individual shoppers. These buyers are looking for ways to stretch their budgets.

Small-scale entrepreneurs often engage in gift card flipping. They scout for people desperate for quick liquidity—such as those selling on classified sites like Facebook Marketplace or Craigslist—and offer cash on the spot.